Tag: tickmill

ECB In Focus The Euro is trading lower today ahead of the October ECB meeting in a few hours’ time. The market is widely expecting the bank to keep rates on hold though, on the back of recent stickiness in inflation, the bank is expected to retain a hawkish tone its guidance. Indeed, speaking in […]

TitleUS30USD H4 | Bullish reversal off pivot? TypeBullish Bounce Preference: Price is approaching our pivot point at 32887.4, which is a multi-swing low support level. If price bounce off the pivot point, price could potentially reverse from here and become bullish, to rise to the 1st resistance at 33247, which is a multi-swing high resistance […]

TitleSPX500USD H4 | Bullish reversal off 127.2% fibo? TypeBullish Bounce Preference: Price is hovering above our pivot point at 4157.2, which is an overlap support level, aligning with the 127.2% fibo extension. If price bounces off the pivot point, then price could rise towards the 1st resistance at 4205.4, which is a pullback resistance level. […]

ETF Fever Bitcoin prices continue to push higher this week with BTC futures now trading at 17-month highs. The driver behind the move is the ongoing speculation regarding potential SEC ETC approval. BTC bulls have been bolstered recently by the SEC’s decision not to appeal against a court ruling in favour of Grayscale’s ETF application. […]

TitleXAUUSD H4 | Potential bearish reversal? TypeBearish Reversal Preference:Price is rising towards the pivot point of 1988.073 which is a pullback resistance that aligns with the 127.2% Fibonacci extension level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1951.118 which is an overlap support that […]

TitleEURUSD H4 | Reacting off a pullback resistance? TypeBearish Reversal Preference:The price is rising toward our pivot point of 1.06329, which serves as a pullback resistance level aligning with the 50% Fibonacci. A reversal from this point could lead to a price drop to the 1st support at 1.05276, an overlapping support level that aligns […]

CPI Spikes Again The Aussie Dollar has seen fresh demand across early European trading on Wednesday following the latest Aussie data overnight. CPI was seen ticking back up last quarter with the headline reading printing 1.2% from 0.8% prior, above the 1.1% the market was looking for. YoY, CPI bounced back to 5.6% from 5.2% […]

The US Dollar, often at the center of currency markets, exhibited resilience in the face of mounting bearish pressure. This defiance was fueled by the release of Composite PMI data from S&P Global, which exceeded expectations by rising to 51 points in October. This figure indicates a slight MoM expansion in both the manufacturing and […]

Daily Market Outlook, October 25, 2023 Munnelly’s Market Commentary…  Asia – Asian stocks displayed mixed trading patterns, influenced by a positive lead from Wall Street. Market focus shifted to the earnings reports of major companies like Microsoft and Alphabet. Microsoft’s shares rose by 3.9%, while Alphabet experienced a 5.9% decline, with particular attention on their […]

TitleGBPUSD H4 | Bearish Continuation Expected? TypeBearish Reversal Preference:The price is rising toward our pivot point of 1.22123 – 1.2204 which serves as a pullback resistance level aligning with the 38.2% Fibonacci. A reversal from this point could lead to a price drop to the 1st support at 1.21218, a multi-swing low support level. Alternative […]